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ultratech: UltraTech, AM Mining, others eye Vadraj Cement

AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs). Naveen Jindal group company called Jindal Panther Cement, and PN Group-promoted CN Infrabuild also gave separate EoIs. ....

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UltraTech, JSW Cement, Nuvoco Vistas, others eye Vadraj Cement, ET RealEstate

AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs). ....

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vedanta: NCLT approves Vedanta's bid to acquire Meenakshi Energy

The Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lenders, trade creditors and employees. ....

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punj lloyd: NCLT grants Punj Lloyd liquidator extension till July 23 for dissolution

ICICI Bank had approached the NCLT in 2018 to initiate insolvency proceedings against Punj Lloyd after it defaulted on a ₹854 crore loan. ....

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hdfc: HDFC to hold auction of two hotels after Prudent ARC makes binding offer

Prudent ARC s binding offer of ₹311 crore has triggered a Swiss challenge auction for the hotel properties with total loans of ₹507 crore. Prudent s offer equates to a recovery of 61% for the housing finance company. HDFC has invited counteroffers from other asset reconstruction companies (ARCs) by June 26, a notice issued by the housing finance company stated. ....

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